The winner of the Liam Delaney prize for best posting on the Geary blog goes to Liam Delaney for this post.
Abstract:
Standard economic theory considers monetary incentives only. Awards have so far
escaped the attention of economists despite their widespread use. This paper presents an
experiment conducted online at IBM to assess the impact of these kinds of extrinsic
incentives. Introducing a hypothetical award has statistically significant effects on stated
contributions to a public good. Our design allows the estimation of the impact of
different award characteristics related to, for example, how public or how valuable the
award is. We illustrate these findings by providing predictions about the behavior
induced by a new award at IBM.
http://www.iew.unizh.ch/wp/index.en.php?action=query&id=334
1 comment:
First prize: An Evening with Liam Delaney.
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